Euro Declines on Concerns Over Spending Cuts and Bank Losses

http://www.businessweek.com/news/2010-05-31/euro-declines-on-concerns-over-spending-cuts-and-bank-losses.html


"The euro extended its longest monthly drop versus the dollar in 10 years on concerns Europe’s efforts to reduce budget deficits will derail the region’s economies as the credit crisis shakes the banking system."